The information below was published in FAIS Circular 5 of 2012. We extracted what we regard as the essence of the communication to assist readers in complying with this annual obligation.
Section 19 of the FAIS Act states that financial statements must be submitted by authorised financial services providers to the registrar not later than four months after the end of the provider’s financial year end. If your financial year end is 28 February, then your statements are due by the end of this month.
Annual financial statements may no longer be submitted via e-mail.
All annual financial statements may only be submitted by way of one of the following acceptable methods:
a. Electronic submission via the FAIS Online system (preferred method)
b. Post
c. Hand Delivery
Postal Address
The Registrar of Financial Services Providers
Attention: FAIS Supervision Department
PO Box 35655
Menlo Park
0102
Physical Address
The Registrar of Financial Services Providers
Attention: FAIS Supervision Department
Riverwalk Office Park Block B
41 Matroosberg Road
Ashlea Gardens Extension 6
Pretoria
Electronic submission
Electronic submissions may be made by way of the FAIS online reporting system which is accessible via the FSB website (www.fsb.co.za).
There is a detailed user guide available for download on the FAIS homepage on the FSB website. This user guide provides a step by step explanation on how to register for the online programme and how to submit the annual compliance reports and financial statements via the online system.
All approved key individuals and compliance officers can use the FAIS Online system. For assistance please refer to the FAIS Online manual or send an email to Faiscomp2@fsb.co.za
The following are important to note when submitting your annual financial statements:
a. All copies of annual financial statements must be signed by the relevant persons (unsigned copies will be rejected).
b. Financials that have been prepared by an accounting officer must include a copy of the report of the accounting officer.
c. Financials prepared by an auditor must include a copy of the report of the independent auditor.
d. Sole proprietors who prepare their own financial statements must ensure that both an income statement and balance sheet are submitted. Partial financial statements are not considered to have been received.
All enquiries in respect of the submission of compliance reports may be submitted to Faiscomp2@fsb.co.za
All enquiries in respect of the submission of annual financial statements may be addressed to Faisfins3@fsb.co.za
